The economist Frederick Dicrose of the Bada Wealth Management stated that the surge in wages in the Eurozone is unlikely to continue. Data released by the European Central Bank on Wednesday showed that the wage increase negotiated by employers and labor representatives from July to September was 5.4%, far exceeding the 3.5% increase in the previous quarter. However, Dicrose believes that this surge is equivalent to a dead cat bounce in economic terms. He stated that this wage pump is driven by bonus payments in Germany, which does not correspond to other wage growth indicators and does not align with the overall bleak prospects of the Eurozone economy and labor market.
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Bairen Finance: Lương ở khu vực euro tăng mạnh khó duy trì
The economist Frederick Dicrose of the Bada Wealth Management stated that the surge in wages in the Eurozone is unlikely to continue. Data released by the European Central Bank on Wednesday showed that the wage increase negotiated by employers and labor representatives from July to September was 5.4%, far exceeding the 3.5% increase in the previous quarter. However, Dicrose believes that this surge is equivalent to a dead cat bounce in economic terms. He stated that this wage pump is driven by bonus payments in Germany, which does not correspond to other wage growth indicators and does not align with the overall bleak prospects of the Eurozone economy and labor market.